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Hastings Holdings, Inc.

Hastings Holdings, Incorporated, registered with the Securities and Exchange Commission in April 2001 and is one of the holding companies of that business mogul Manuel V. Pangilinan created using money from the PLDT Beneficial Trust Fund. Its immediate parent company is PLDT’s media arm, Mediaquest Holdings.

Hastings Holdings president Emmanuel Lorenzana is also a member of Smart Communications’ board of directors. He is also the president of TV 5 Network.

The chairman of the board of Hastings Holdings is Ray Espinosa, associate director and head of the communications bureau of Hong Kong-based First Pacific Co. Ltd. which is owned by Indonesian tycoon Anthoni Salim.

The Securities and Exchange Commission in a Jan. 11 decision voided Rappler’s certificate of incorporation, saying the social media news network engaged in a “deceptive scheme” to skirt foreign equity restrictions in mass media. Rappler called the decision “a blow to press freedom in the Philippines.”

Key facts

Mother Company

MediaQuest Holdings, Incorporated

Business Form

Private

Legal Form

Corporation

Ownership

MediaQuest Holdings, Inc.

MediaQuest Holdings is wholly-owned by the PLDT Beneficial Trust Fund, which is under Manuel V. Pangilinan